4 March 2014 Grupo Financiero Banorte (Banorte) will use CRedit360’s sustainability software in order to track and analyze its social, environmental and economic performance. This system will enable Banorte to collect data seamlessly across all of the subsidiaries of the group and use the information to drive progress on sustainability within its business.
“We opted for the CRedit360 sustainability system due to the company’s corporate sustainability experience and understanding of the challenges we face, as well as the flexibility of the product and the fact that it’s highly user friendly,” says Mayra Hernandez, Executive Director for Corporate Responsibility and Sustainability, Grupo Financiero Banorte. “We plan to conduct rigorous monitoring and analysis in order to identify risks and opportunities”.
As the third largest financial group in México, Grupo Financiero Banorte is listed on the Sustainable IPC Index of the Mexican Stock Exchange and was recently recognized, according to CDP 2013, as one of the eight highest scored companies in their Latin America Climate Disclosure Leadership Index.
Banorte is now focusing on strengthening its corporate responsibility initiatives and enhancing its sustainability reporting, as subsidiaries and business units throughout the group increasingly embed sustainability in their activities.
“Measuring highly complex sustainability data with precision is fundamental to companies’ efforts to grow their businesses sustainably,” says Mark Shields, Managing Director, CRedit360. “Investing in our sustainability software solution will help Grupo Financiero Banorte to take its sustainability performance management and reporting activities to the next level and retain its reputation as one of Mexico’s most responsible companies.”
About Grupo Financiero Banorte
Banorte was founded in 1899 in Monterrey, Nuevo León México. In 1992, it was bought by a group of Mexican entrepreneurs headed by Roberto Gonzalez Barrera. Since then, Banorte has established its national presence as to be the third largest financial group in México due to the size of its loans and deposits.
Banorte operates under the name of Grupo Financiero Banorte, offering products and services of Universal Banking, Brokerage House, Afore, Insurance, Leasing and Factoring. Grupo Financiero Banorte has more than 26m clients, a network of over 1,300 branches and about 6,700 ATMs across the country.
Founded in 2002, CRedit360 is an established, financially independent software which has specialized in sustainability from the start. The CRedit360 team have decades of experience in sustainable business and corporate responsibility, and 100% of IT development takes place in house, allowing the company to respond with great agility to client requests. With more than 150 clients worldwide including Barclay’s, Heineken, Staples and McDonald’s, it has quickly grown over the past decade and now has offices in the UK, USA and Australia. CRedit360 was recently named as a leader in the sustainability software market by the Verdantix 2013 Green Quadrant Sustainability Management Software Report.